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At least five dead in attack on Aden governor’s motorcade, governor survives: Report

The governor of Aden in Yemen survived a car bomb attack on his motorcade that killed at least five people and wounded five others in the city’s district of Tawahi, according to an Al Arabiya report citing a Yemeni security source.Speaking to local media, Governor Ahmed Lamlas stated that he was in good health but said his escorts were hit by the explosion.Agriculture Minister Salem al-Socotri also survived the blast, AFP reported.Yemeni Prime Minister Maeen Abdulmalik Saeed has ordered an urgent investigation into the attack.Both men who were targeted in the attack are members of the separatist Southern Transitional Council (STC).Civil war erupted in Yemen in 2014 between the internationally-recognized government and the Iran-backed Houthi militia then an Arab Coalition intervened in 2015.Tensions flared when the STC claimed self-rule of parts of southern Yemen in April 2020, but the group in July rescinded this claim in an effort to present a united front with the government against the Houthi militia.With agenciesRead more: Attack on Aden airport meant to ‘eliminate’ new govt: Yemen’s PMHuge explosion rocks Yemen’s temporary capital AdenSaudi Arabia condemns protesters storming presidential palace in Yemen’s Aden
Source: Al Arabiya
Full Article: At least five dead in attack on Aden governor’s motorcade, governor survives: Report

ACWA Power IPO, biggest since Aramco, set for Riyadh trading debut

ACWA Power International, Saudi Arabia’s first $1 billion initial public offering since Aramco, is set to start trading in Riyadh on Monday.The $1.2 billion IPO drew interest from investors looking for exposure to a business seen as key to the Kingdom’s plans to diversify its economy away from oil.For the latest headlines, follow our Google News channel online or via the app.Initial demand amounted to several billion dollars and advisers had to limit institutional investors’ allocations.Riyadh-based ACWA, half-owned by the Kingdom’s sovereign wealth fund PIF, is selling an 11.1 percent stake at 56 riyals ($14.93) apiece, the top end of the offer range.The company will be valued at $10.9 billion and the PIF will continue to own a 44 percent stake after the IPO.Read more: Saudi Arabia’s ACWA Power plans $10 bln of investments in 2020: CEO
Source: Al Arabiya
Full Article: ACWA Power IPO, biggest since Aramco, set for Riyadh trading debut

Dubai Police seizes 500 kilograms of cocaine in ‘region’s biggest drug bust’

Police in Dubai have foiled an attempt to smuggle 500 kilograms of cocaine with a street value of more than $136 million (AED500 million) in what the force says is the region’s biggest drug bust.For the latest headlines, follow our Google News channel online or via the app.One man, who police say in a statement is the is the intermediary for an international crime syndicate, was arrested.The narcotics were found hidden within the paneling of a freight container which arrived at a seaport.Acting on a tip-off, police surveilled the suspect as part of “Operation Scorpion” as the man transported the container to a warehouse in a different emirate.He was then seen purchasing power tools including angle grinders that police say he intended to use to access the hidden drugs.Police raided the warehouse and “caught the man red-handed and seized the narcotics,” according to Colonel Khalid bin Muwaiza, Deputy Director of the General Department of Anti-Narcotics in a statement on the Dubai Police Facebook page.Police did not identify the man but said he was of Middle Eastern origin.In early September, Abu Dhabi Police seized 815 kilograms of narcotics in a drug bust after monitoring social media messages.The force said that dealers were using social media to promote their services, saying they could deliver drugs anywhere across the UAE.Read more: Abu Dhabi Police seizes 815 kilograms of narcotics after monitoring social mediaSharjah Customs foils attempt to smuggle huge haul of drugs during Eid al-AdhaUAE: Sharjah Police seize $4mln worth of narcotic drugs, arrest nine
Source: Al Arabiya
Full Article: Dubai Police seizes 500 kilograms of cocaine in ‘region’s biggest drug bust’